Ex-Dividend Alert: AT&T Has Increased its Dividend for 33 Years in a Row; Will Trade Ex-Dividend on April 9, 2018

LONDON, UK / ACCESSWIRE / April 6, 2018 / Active-Investors has a free review on AT&T Inc. (NYSE: T) following the Company’s announcement that it will begin trading ex-dividend on April 09, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 06, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on T:

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Dividend Declared

On March 30, 2018, AT&T’s Board of Directors declared a quarterly dividend of $0.50 a share on the Company’s common shares. The dividend is payable on May 01, 2018, to stockholders of record at the close of business on April 10, 2018.

AT&T’s indicated dividend represents a yield of 5.65%, which is more than four times higher than the average dividend yield of 1.28% for the Technologies sector. The Company has raised its dividend for thirty-three consecutive years

Dividend Insight

AT&T has a dividend payout ratio of 57.6%, which denotes that the Company spends approximately $0.58 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, AT&T is forecasted to report earnings of $3.56 for the next year, which is substantially higher than the Company’s annualized dividend of $2.00 per share.

AT&T’s full-year 2017 cash from operating activities was $39.2 billion versus $39.3 billion in 2016. The Company’s capital expenditures, including capitalized interest, totaled $21.6 billion versus $22.4 billion in FY16. AT&T’s free cash flow was $17.6 billion in FY17 compared to $16.9 billion in FY16. The Company’s free cash flow dividend payout ratio was 68% for FY17. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for AT&T

On March 23, 2018, AT&T announced that leadership of the Communications Workers of America (CWA) has notified the Company, that CWA-represented employees have voted to ratify a contract with AT&T Mobility. The agreement was reached on February 15, 2018.

The four-year Mobility Southeast (or Mobility Black) contract covers about 10,000 AT&T Mobility employees in CWA District 3 – the Southeast Region, which includes Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and St. Croix, USVI.

About AT&T Inc.

AT&T helps millions around the globe connect with leading entertainment, business, mobile, and high-speed internet services. The Company has the United States’ largest network and the best global coverage of any US-based wireless provider. AT&T is one of the world’s largest providers of pay TV. The Company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005. AT&T was founded in 1983 and is based in Dallas, Texas.

Stock Performance Snapshot

April 05, 2018 – At Thursday’s closing bell, AT&T’s stock slightly rose 0.72%, ending the trading session at $36.14.

Volume traded for the day: 16.90 million shares.

After yesterday’s close, AT&T’s market cap was at $221.39 billion.

Price to Earnings (P/E) ratio was at 24.32.

The stock has a dividend yield of 5.53%.

The stock is part of the Technology sector, categorized under the Telecom Services – Domestic industry. This sector was up 0.3% at the end of the session.

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